Paramount Global has decided to no longer sell a majority stake in its BET Media Group.
According to The Wall Street Journal, the company announced Wednesday that it would end the bidding process for the unit — which includes VH1 and BET Studios, streamer BET+ and the BET channel —because “a sale wouldn’t result in any meaningful deleveraging of its balance sheet,” people…
This story from variety.com was posted on 2023-08-17 by @softsky.